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Accounting (ACCT)

Courses

The following Accounting courses are offered:

ACCT 103     Intermediate Accounting - Part I  4 Units
Prerequisite: ACCT 301 with a grade of “C” or better
Hours: 72 hours LEC  
This course provides a continuing study of the measurement and reporting of the results of operations and the financial condition of profit-directed business entities. Areas of study include emphasis on cash and receivables, inventory including issues concerning valuation, property, plant and equipment and intangible assets using the Financial Accounting Standards Board (FASB) as authority. This course is not intended for transfer to a four-year college.
 
ACCT 104     Intermediate Accounting - Part II    4 Units
Prerequisite: ACCT 301 with a grade of “C” or better
Advisory: ACCT 103
Hours: 72 hours LEC  
This course builds on the concepts introduced in ACCT 301 of the measurement and reporting of the results of operations and the financial condition of profit-directed business entities. Areas of study include emphasis on current and long-term liabilities including contingencies, stockholders’ equity including dilutive securities and earnings per share, income taxes, pensions, operating and capital leases, accounting changes and error analysis, and the statement of cash flows. This course is not intended for transfer to a four-year college. 

ACCT 107     Auditing    3 Units
Prerequisite: ACCT 301 with a grade of “C” or better
Advisory: ACCT 103 and 104 
Hours: 54 hours LEC  
This course covers the procedures and practices used in the verification of financial statement balances and accounting transactions.  The types of audits and audit occupations as well as the legal liabilities of the auditor will be discussed.  This course is acceptable as elective units toward civil service professional accounting education requirements. 

ACCT 111     Cost Accounting    3 Units
Prerequisite: None.
Advisory: ACCT 311
Hours: 54 hours LEC  
This course is an introduction to cost accounting methods, including job order, process and standard cost systems. Special attention will be given to managerial uses of cost accounting. This course is not intended for transfer to a four-year college.
  
ACCT 121     Payroll Accounting    3 Units
Prerequisite: None.
Advisory: ACCT 301
Hours: 54 hours LEC  
This course is a study of payroll and personnel records, procedures and regulations.  The course will include a study of the various California and Federal laws pertaining to the computation of earnings and withholdings.  Payroll tax payment requirements and preparation of the employer’s California and Federal payroll tax reports will be included.  A comprehensive simulation project will be completed as part of the course. The project will include one quarterly payroll reporting cycle. 

ACCT 125     Federal and State Individual Taxation    4 Units
Prerequisite: None.
Advisory: ACCT 101 or 301 
Hours: 72 hours LEC  
This course is a study of basic federal and California income tax regulations with an emphasis on the skills necessary for the preparation of individual income tax returns. Included are filing requirements, determination of taxable income, allowable deductions, tax computation, tax credits, other taxes, payment methods, and audit procedures. The course is acceptable as an elective for civil service professional accounting operations and recommended for accounting majors. This course fulfills the qualifying education and continuing education requirements under guidelines established by the California Tax Education Council (CTEC). 

ACCT 295     Independent Studies in Accounting    1-3 Units
Prerequisite: None
Hours: 18 hours LEC ; 54 hours LAB 

ACCT 299     Experimental Offering in Accounting    .5-4 Units
Prerequisite: None
Hours: 72 hours LEC  

ACCT 301     Financial Accounting    4 Units
Prerequisite: None.
Advisory: BUS 105 or MATH 120
General Education: AA/AS Area II(b)
Course Transferable to UC/CSU
Hours: 72 hours LEC  
This is the study of accounting as an information system.  The course provides students with an understanding of the nature and purpose of accounting and its function in business.  The principles and concepts underlying transaction analysis and recording; financial statement preparation, disclosures, and analysis; and ethical issues are addressed.  The course includes units on inventories, internal control, cash, receivables, fixed and intangible assets, current and long-term liabilities, stockholders’ equity, income tax, and investments. 

ACCT 311     Managerial Accounting    4 Units
Prerequisite: ACCT 301 with a grade of “C” or better
Course Transferable to UC/CSU
Hours: 72 hours LEC  
This is a study of accounting information needed by decision makers of all types and sizes of organizations (service, retail, manufacturing, and not-for-profit; small businesses to large corporations). Emphasis is placed upon the analysis of quantitative information needed for short and long-term planning, day to-day operations, and reviewing of operations and personnel. This course is required of all business majors, minors, and accounting certificate candidates. 

ACCT 341     Computerized Accounting    2 Units
Prerequisite: ACCT 301 with a grade of “C” or better; Two years of high school accounting.
Course Transferable to CSU
Hours: 18 hours LEC ; 54 hours LAB 
This is a course using the computer to prepare financial accounting statements and reports used in business. Areas of study include general ledger, accounts payable, accounts receivable, inventory, payroll, and depreciation. The ability to type 20-30 words a minute and to use a ten-key calculator by the touch method will be useful for completing class assignments.   
ACCT 495     Independent Studies in Accounting    1-3 Units
Prerequisite: None
Course Transferable to CSU
Hours: 18 hours LEC ; 54 hours LAB 

ACCT 498     Work Experience in Accounting    
1-4 Units
Prerequisite: None.
Advisory: ENGWR 101
General Education: AA/AS Area III(b)
Enrollment Limitation: Student must be in a paid or non-paid internship, volunteer opportunity, or job related to career interests.
Course Transferable to CSU
Hours:  300 hours LAB 
This course provides students with opportunities to develop marketable skills in preparation for employment or advancement within their current job. Course content will include understanding the application of education to the workforce; completion of required forms, which document the student’s progress and hours spent at the work site; and developing workplace skills and competencies. During the course of the semester, the student is required to fulfill a 16 hour orientation and 75 hours of related paid work experience, or 60 hours of unpaid work experience, for one unit. An additional 75 or 60 hours of related work experience is required for each additional unit. The course may be taken four times for credit, when there is new or expanded learning on the job, for a maximum of 16 units. 

ACCT 499     Experimental Offering in Accounting    .5-4 Units
Prerequisite: None
Course Transferable to CSU
Hours: 18 hours LEC ; 54 hours LAB 

Updated 06/10/14

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